Subject: File No. S7-08-09
From: Donald Simet, JD PhD

May 9, 2009

I strongly support the full restoration of the up-tic rule, strict enforcement of the ban on naked short-selling and elimination of the leveraged ultra short ETFs. I hope that the Securities and Exchange Commission will not permit the continuation of the contrary practices, which almost destroyed the nation's largest investment banks and other financial institutions. These practices cost invertors and taxpayers (who had to "bail-out" these institutions) trillions of dollars. The Commission needs to take an active role in preventing such destructive practices if the stock market and the economy are to return to functioning normally and productively and avoid future crises.